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20130103
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return from tight to work on the deadlock in d.c. tomorrow. is something he said to speaker john boehner leaving room for compromise? if politicians don't take us over the cliff, will the unions over the cliff, will the unions in what is threatening to strike lead paint poisoning aects one million children today. if you're pregnant or have young children and your home was built before 1978, you could be at risk. learn how to protect your family. to find your home's danger zones, the health effects, or just to find help, log on to leadfreekids.org. read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done
obama will be deadlock. but i it's something he said to john boehner leaving any room for compromise? if politicians don't take us over the cliff, will the unions? what the they're planning this k in from boston to houston threatening to strike you in the wallet. eric: read the headlines and they say that president is giving up his vacation takes toe a fiscal cliff deal, but is there any room for negotiation? let's talk about it a little bit. >> the president is heading back to washington to attempt a last-ditch effort with speaker boehner to forge some compromise to avert a fiscal cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax revenue on the t
. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of the american action reform joins me now. so, windows narrowing, what can we expect from here? >> if we literally go on autopilot and they fail to change course, i am worried about the economy. some sharp equity market attractions, consumer confidence has already begun, lots and lots of notices sent out, layoffs scaring people to death. this is not a good news story for anybody looking for a job. gerri: the clock keeps on taking. the cover of "the new york post," pretty amusing. off the fiscal cliff, this is really going to hurt. i think everybody can relate to that one. for taxpayers, $500 billion increase in taxes. how will that hit people, how meaningful is it going to be, will they see the results in their first paychecks? >> for sure the hig
was negotiating directly with house speaker john boehner. they wanted for years of increases in debt ceiling a party, something republicans were not willing to budge on. without an increase in the debt ceiling, it allows republicans to engage the white house and democrats in yet another fight to cut spending in exchange for raising the debt ceiling, so that's the next fight that the next congress will pick up once it gavels in at noon on the third. diane: we are watching charlie rangel speak as the house members go around and debate the fiscal cliff steal from the senate. i also wanted to talk about , thursday at noon, a new congress in session. the steel expires. what happens at that point? if we don't get a vote now it's kind of a done deal. they start from square one? rich: basically. in fact, if this does not pass this evening, if we don't have enough votes to get this through in your basically at square one. you have to figure out exactly how you're going to deal with tax rates that have gone back to clinton narrates a broadbased tax increases on nearly every one u.s. bank of . that's w
. the fiscal cliff fiasco. the obama plan, to the speakersi boehner plan, it will either o alter the rising rate of spending were less than the science of our bloated government. the answer in tonight "chalk [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. lou: you know, everybody's getting pretty excited about that fiscal cliff negotiation or impasse, however you want to3 style it. mayi want t showu, lou: everybody is getting re ofed about the fiscal clifft, negotiation. i thoughtht i would show you wht thuld happen if we change into thspeaker boehner plan, the president obama plan, let's start out with the do-nothing plan because t
democrats on the idea. but eventually having to take place and then of course john boehner would have to sell house republicans on the fact that there may not be extension of cuts and they are going to be tax increases. >> exactly. and if you think of the alternative here, if liberal democrats don't like where the threshold is, they sit on their hands and get what they want and more and more. and you have a tax increase basically up and down the income spectrum. on the other the other side of the house republicans were saying, if we don't get enough spending cuts, and just let the sequester head. it is set to hit over the next decade beginning in just a few hours from now. get your spending cuts by doing nothing. your tax increases by doing nothing. so there's a little bit of something for everyone here. gerri: as we start to wrap up, did the republicans in giving to the tax increases, did they give enough? or are the democrats who didn't want increases on anybody, they one of the line at 250,000. do they pose a real threat to the steel? >> i think that you have a protection of americ
republicans in a building constructed themselves, house speaker john boehner called it plan b. maintaining rates. back on itself could not pass with only republican support. this is very much an effort on the senate and democrats and republicans and a strong vote in the senate of confidence with republicans and democrats standing up to vote for this thing improves the chances in the house. lou: we have not heard from speaker john boehner's office or eric cantor officially, but fox news has learned a representative from the house, republican has told one of our people on the hill he does not think there are enough votes in the house to pass this, and leadership, republican leadership, mitch mcconnell, even john boehner even though he is not a part of this deal are playing with fire. has there been any official word from anybody other than nancy pelosi? >> we got no official word on this. a number of house republicans who are upset with the way things have been going so we are not quite sure who's a republican member was who said that, but you have got to kind of look at leadership here or t
, tomorrow? and when could the house vote on this. >> assuming speaker boehner brings the senate bill to the house floor for a vote. we don't have confirmmation he will do that, it could be as early as tomorrow morning assuming the senate acts, at which point we pass it to get it on the president's desk by the end of the day tomorrow. adam: it doesn't include any of the spending cuts that republicans have been adamant about getting. spending out of control. democrats and republicans agree upon that. how does speaker boehner rally members of his caucus who did not rally behind him about a week ago if there are no spending cuts? >> a couple of things. remember the sequestration still takes effect because we didn't act to change that. those are spending cuts. those are hundreds of billions of dollars of spending cuts. republicans don't like the way those cuts come down but they're real cuts. assuming we don't deal with that, you have the debt ceiling coming up. speaker boehner really didn't have any leverage with regard to what we're ing right now with the fiscal cliff but he has a lot o
's not going to get inaugust -- inaugurated until the 21st, and boehner thinks the real deadline is february or early march. that's a time frame to look for, and the reality is if you look at the markets over the last while, they are correlated between the commodity markets, oil, bonds, stocks, and that has not been the case for many, many years, and so it's really one trade. there's a macro trade. what's going on in the u.s. with the fiscal cliff, and before that, it was all about europe. david: larry, your picks, disney and direct tv, i know you like the vegas stocks, las vegas sans, boyd gaming as well, but what about john's point that just to be safe because you never know. i mean, the worse can happen, happened before, and could happen again, those jokers inside the beltway very often don't come to a conclusion. wouldn't it be safe to put at least 10 #% of the portfolio in cash right now just in case? >> i just can't see it. the math is so compelling on the other side, and you have this just incredible sentiment. thirty years now, you have not been able to lose money in bonds. a lot of
speaker john boehner saying we should do tax reform and spending and entitlement reform and 2013 should be the year for that. the regional framework the president speaker were working out including a mechanism to raise revenue through tax reform and to cut spending and entitlements through spending and entitlement reform next year. that mechanism never happen. you can set targets and the law and state tax will achieve $1 trillion in savings over 10 years and entitlement reform will achieve the same. they never reach that so that is up in the air right now. you do have a willingness from the white house also did old -- to do corporate tax reform. they have a proposal that would lower it to 20% and republicans are working on a bill that would lower corporate tax rates to 25%. there is more of a push among republicans to overhaul the entire tax bill so they have a victory here. they made permanent 99% of the bush tax rates but they want to overhaul the entire code for individuals and corporations. when you look at what congress is working on now there are different committees. the ways & m
advisor doug shoen. we have basically mr. boehner saying, look, you senate, you have not come up with anything. >> i think, unfortunately, we will probably get around it. i think it is a worse outcome to avoid the cliff then to go over it. i think we should broaden the discussion and look at what is going on around the world. look at japan and europe. the japanese government is the glaring war on japanese citizens. it will create inflation. if the japanese citizens start to dump their bonds, they have been a bigger part then japan recently. that is a big problem for us. their euro has been quietly depreciating. if that goes out, that is a much bigger fiscal cliff. if the buyers of treasuries become sellers. liz: there are a lot of "if" in your discussion. the bond markets are still pretty -- nothing from the bottom vigilantes yet. you were a clinton advisor. you saw in the mid- 90s bond yields really spike higher. that is the issue. if we see the economy healing, bond yields could go up. investors say, wait a second, why invest for bond. >> that is the key issue. we have not seen
says compromise going out to 4,000. here is what pelosi said in may of 2012 to speaker john boehner. democrats believe those earning over a million dollars a year should expire and we should use the resulting revenues to pay down the deficit. has anybody called her on that, hey, look, you're only for raising rates for millionaires and above before now you're into the $400,000 level? >> i called her on it last week, and she avoided the question and didn't answer it directly. she said, we were trying to smoke out, that was her quote, smoke out republicans and steny hoyer himself mentioned that it was a ploy. so, i think they were trying to get republicans to agree to the millionaire tax increase and then see how far it will move even more. and it's politics, david. david: yeah, yeah. >> by the way the millionaire tax, only, it would basically raise money to cover eight days of government spending, but you know, david and adam, we've had the letter from nancy pelosi. do you really believe it was a ploy to smoke out the republicans? because nancy pelosi in her letter is equating million
have taken the heat, and john boehner's plan b, a disastrous piece of publicity, got that. do you think that the tide is turning at all and that the jonbenet has been gettinof and . >> and not seeing any leadership for the president and not seeing any for the senate and not seen the budget. i think that the frustration is across th board and it should be felt by all. >> okay, you're sitting there in washington and you tell me now, do you think we get a deal on new year's eve? >> gosh, i certainly hope so. >> do you think we will? >> do you think we will? >> i don't think that this washington, anyone in washington is reckless enough for the country off the cliff. they recognize it's dangerous. stuart: i've got to read between the lines here. you're saying that there will be some kind of last minute stop-gap deal, yes? >> i certainly hope so. stuart: and what would be the form of that deal? what would be in it just a broad outline? go. >> well, we can't see taxes go up on anybody across the board and we have to see the tax rates extended for everyone and-- >> that's not going to happen. >
boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our political leadership pass something before midnight, december 31? >> well, i think so. i mean, and you're going exactly the right direction. if you take what's been put on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year end, and as you say, it would be in the $400,000 to $500,000 range, but there has to be a commitment any revenue generated goes to savings, and not more spending. that's the other part of the equation that the president has to step up on to get a deal. adam: senator, we'll have
deal. starbucks shares at this point down slightly, 48 cents. imagine john boehner going into starbucks and they write on the cup, come together. hello. lori: boehner, this is directly to you. tracy: exactly. howard schultz is on the campaign to fix the debt. he is one of the ceos that has come out. lori: he has nothing to lose being advocate, being outspoken. the stock is healthy the company is thriving. talk about where crowds are right now, any starbucks on any corner. tracy: i hope they do it with a big black sharpie. come together. write it on the cup. lori get the latte. lori: if washington gets back together and we get a debt deal and economy picks up? that is big if. there are industries that stand to add the most jobs. tracy: we'll tell you where you should be looking if you're ready for a change of pace. that is all next. stay with us. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box
, and i'm not seeing any resolution. i don't think anyone else's either. >> speaker boehner had planned be on the floor last week. then he pulled it. he had 200 votes probably. had steny come to him and said we have democrats that would vote with you, the problem would have been over. do you think lyndon johnson would've been on the phone, had it been in the ring last week? of course he went. ronald reagan would've done the same thing. he recalled his spokesman said, look, needed to be with me on this. we will get some other stuff done later. the problem is the president will not engage. he wants it to happen. but he doesn't have his fingerprints on it because he knows whatever occurs is ultimately going to be unsatisfactory from other perspectives. but remember this, the fiscal cliff is a made-for-tv drama. the debt limit is real. gerri: yes, it is real. tomorrow the gop members will have a conference call about what to do next. what do you think you can accomplish? speaker boehner is probably stuck in ohio because the weather is so bad. a lot of yourself, who may not be able to get ba
speaker boehner an exit and give the president an exit and tell these people to play nice in the sandbox and get over it. >> am i going first? adam: you go ahead. >> the sequester is leverage point. for a while therepublicans seemed this was their problem they need to fix. now they're viewing it as president's problem. he likes to spend. maybe you get a very good tax deal with that as the lerage. adam: lindsey. >> honestly i don't think it make as difference. the conversation we're having in washington is so disingenuous. talking about 100 trillion in unfunded liabilities and we're arguing 800 billion in tax increases on 2% of the population we're still not asking tough questions of the middle last. i don't think it matters whether president's plan or republicans plan i don't think it is imagine. adam: i'm shocked you would imply anybody in washington would ever be disingenuous. lindsey and james, thank you very much. we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock
would have likedded is what the president and speaker boehner were working on, the grand bargain, literally putting everything on the table and have a $4 trillion dent in the deficit. that eluded us. that's the disappointment. we've got that fiscal cliff situation again with the sequestering in march. what we did accomplish was we looked at this in a very pragmatic way and took a step, and it's a modest step, but in the right direction, and market reaction is cheering the fact that we moved in a right direction. >> i want to key in with the point about the grand bargain. congressman, it's worth reminding the viewers that the largest parts of the federal budget are exempt from cuts, entitlements and interest payments on national debt. how optimistic are you on reform and make cuts that decrease the rate -- not asking for actual deficit reduction, but increase the rate of the growth -- decrease the rate of that growth. >> you hit the heart of the problem. health care, medicare, private paid, employer provided health care, the cost of health care's going up oftentimes two and three
, it is a very difficult situation for speaker boehner and the house republicans to be in. i feel very sorry for them. they are caught in a trap. lou: a trap, a conundrum that s perfectly visible. it was transparent where we would be. and the republicans, the republican leadership, the republican national committee. all of the so-call wise men and women of the party did absolutely nothing to prepare for this strategic moment, and they are coming up woefully short. >> that's very true. you knew it happened 10 years ago when there was a provision that this was going to happen. here it is. i think the key for the republicans from my standpoint is to get this over with as quickly as possible. the serious business of trying to prevent spending increases and other programs. without giving up the position of republicans and being able to get those tax cuts. we will have an awful 2013 and 2000 putting him and i think the republicans could take over the senate and increased the majority of senate and house if they don't give up their key issue, tax cuts. lou: there has been no talk of growth in this
boehner said there waiting on the senate. we're waiting to hear what, if anything. but the speaker says he will give members 48 hours notice before she calls the house back into session. but there are back in session today with non fiscal fifth legislation and harry reid spokesperson i ask the mitch mcconnell spokesperson the same question and he said it is possible there could be delays and for the advice to get back here? getting the same advice that we get as mere mortal. >> we would tell them the same thing. check with the airlines to make sure the flight is on time. but things in washington are in good shape. >> the storage is centered over maine but those two senators olympia snowe and susan collins got here before the storm hit. they are here to vote if they have to. tracy: we make a joke about mother nature but they have to get there. >> you almost did not have anchors for the 1:00 show. [laughter] we were almost in a body cast. >> will 2013 bring peace to the middle east? call being be violent syria and iran. look at the interest rates. the yield on the 10 year note has a big move
. thank you very much, mr. president. mr. boehner, speaker boehner, oh, he finally gets the house back in session on sunday night. and then we have some democrats saying, why don't these republicans quit defending their millionaire pals. the way it's presented in the establishment media is highly pejorative against republicans and yet, republicans, as we heard from the rasmussen poll, they're not getting all of the blame. it's 44-36 that's where it is, again, that surprises me. >> those headlines are great. the next time i'm on deadline and i have a story to write. because i've left it to the last minute and i have to cancel a movie i think i'm going to, you know, complain about it and say, oh, finally, i'm getting back into the work session here. no, i mean, it's ridiculous. now, the republicans, i think, are doing one thing wrong though and that is focusing so much on the tax increases on higher earners, i do think that that's one area where obama can claim to have a bit of an upper hand because he made it very clear in his campaign for reelection, that he was going to tax the wealth
boehner put down and say i will put my political tackle on this. it may be political suicide for speaker boehner but i have to send it back to the senate, i can make this work. is that even technically possible at this point, rich? rich: it is absolutely possible, but nothing is for sure. cheryl: rich edson live on capitol hill. a lot happening in washington. we will continue to monitor that, rich is standing by talking to congress members. we're waiting on a vote in the house, not sure when it will happen. fox business will be here for you. back to regular programming and label cut in again when we find out what is happening, if not i will see you at the top of the hour for the latest information, now back to our regular show. $. >> cross says he only learned about the fraud after the claims were paid. people would come up to him and say. >> lawyer, you know, john never farmed in his life. his daddy never farmed. when i went back and lead at -- looked at it, it was true. >> so more than a billion dollar was given out to 15,000 farmers, and attempted farmers. so many claimed they were fa
coming up next gerri: speaker john boehner is under fire after delaying action on a bill for hurricane sandy relief aid. >> we cannot and should not wait. we must not walk away. this is a disaster of a disaster. >> this is an absolute disgrace. speakers should hang his head in shame. gerri: john boehner and others criticized the bill, rightly so, for being loaded with work choices, like the $150,000 allocated for alaskan fisheries. the houses that developed have developed this friday on a down payment of $9 billion for disaster aid. another bogus set, january 15 for the remaining $51 billion. >> on monday i had a business. on tuesday morning i was repaired tuesday morning i was repaired overnight. when i got there, i have nothing left. >> last month we told you about small business owner diana petrone, whose staten island store was wiped out by hurricane sandy. exactly one month ago, she had nothing great but now she's back up and running. we just heard from her, and she's joining us now on the phone from her store. great to have you with us and thank you for joining us. tell us what i
this morning. they have been in a conference meeting a little less than an hour. speaker boehner, majority leader eric cantor walking into that meeting. still waiting to hear how it is going. even before the meeting was called, cantor and other top republicans were saying they won't support the bill. the fate here is really uncertain. rich edson is live on capitol hill keeping track of this for us. rich, is there any word what specifically they're discussing in this meeting and whether or not they're making any progress? >> well, diane, the point here is whether or not to amend this bill, to change this bill or bring this bill, the proposal that passed the senate last evening up to the house floor to a vote. this is a decision that house republicans will have to make fairly soon here. they're getting pressure from a number of different folks, especially democrats who say, basically pressure them to hold a vote on it. >> we don't believe that compromise is a dirty word and unfortunately among house republicans that seems to be a growing sentiment. that even a bill that was put together by r
boehner is on this issue. they remained in contact throughout these negotiations birdseed can imagine that speaker boehner will come out as possibly as early as tonight with a statement of support. he has yet to get any information on. adam: apparently a spokesperson for the speaker saying that this is all joe biden and mitch mcconnell. no context as whether that's a compliment or insult, but potentially the deal which you have been expressing all day long. you are the one who will wrote just before 9:00 p.m. that a gop aide said that this was all done. just to wrap up with you before before we sign off one more time, no word yet from the vice president, but reporters are waiting for some kind of statement. is that correct? reporter: yes, we are hoping to get a comment as he was going into the meeting. right now he is hoping to get enough democrats to get on board. happening all around the capital or soon will begin happening around the capital. house and senate leadership will try to sell this thing and get this done as quickly as possible. adam: a lot of people working on this new y
is a measurable. connell: this is your caucus. speaker of the house is republican john boehner, we thought there would be a vote. for what you have been told behind-the-scenes i am sure you ask the lot of questions. what happened? >> still trying to figure out. majority leader erich cantor doing in good faith all week but continues to deal with this in good faith, we have legislation drawn, supposed to come to a vote yesterday and told it was coming up this morning and was going to provide the full $60 billion. two minutes, the $30 billion amendment will let up everything ready to go and we started hearing rumors that there wouldn't be votes and the vote was not going to come up and we asked eric and as far as he knew it was coming up but the speaker wouldn't give the green light and vote is over and we started hearing different things. the final vote comes and goes, the speaker is gone and told one of eric cantor's aides that the bill was -- connell: two part question to add it up because we have to go in a second. do you think or do you know anything about a possible vote today and what
for a tax increase of any time? i think that plan b that speaker boehner paul ford is a clear indication that they will not. at some point, the republicans have to say i will vote for a tax increase. even if it is a small one. [talking over each other] dagen: and you have on the other side digging in their heels about making slight tweaks. lack of movement on the democratic side. >> no, you cannot, dagen. dagen: why can't you argue that? [talking over each other] >> the democrats have voted for this. what was the number one charge of the vice president ryan? it was democrats would reduce medicare. this is not that anymore. you cannot make that argument anymore. the beginning is when the republicans say i will vote for tax increases of some kind. i will guarantee you, guarantee you they will vote for a change in medicare and the rest of it, but they have to say, look, this is both revenues and expenses on the table. this goes back to george bush and what he did in 1990. remember what happened to him. it is very difficult for elected officials to vote for something when they think it will
to the fiscal cliff, we are watching john boehner, playing out on a national stage a game i am not sure the national media quite gets ors perhaps even they as astute asst they are, the game of politics they quite get.g this is everything for a lot of people, what do you make of it>i in their attitudes, their demeanor, eir personality? >> everybody is trying to beth right, it needs to happen for what is best for our country anm in this country. >> is almost a testosterone contest. it is not about winning for the american peop is about winning for the party, i can do it better than you, it has to be who wins, w who loses? >> psychologically it is unsettling because it interferes with their comfort level in terms of spending and feelingf comfortable.th >> i don't think about it, they noticed a game of chicken when it comes to this fisl cliff. lou: etc. look a except when wet projections. talking about another recession.
will remember mr. mccaul or john boehner's name 10 years from now. the true fact is that they really do want to build a fiscal cliff. they want this revenue is. gerri: to that point, americans will see the impact of this beginning wi their first paycheck in january. because social security payroll tax will go back up. we will see the changes coming on immediately. the average american family will pay $3500 each and every year in taxes. that is the people in the middle class. tyler, quickly to you. you know, do you think that republicans are when the case here? you think of the senate, that they would be able to come up with a compromise? >> going over the cliff is the best scenario for republicans. it's not the best scenario for the country. at least if we go over the cliff, anything they agree to look for tax cuts. and i think that could be the scenario that we are looking for. everything that has been done for the past several weeks has been smoke and mirrors anyway. so you know, this is just another day of the same things. and i think you're right. the normal person, the people who look a
plan b failed, boehner had a shot directly at grover. where is the next move? the debt ceiling? where do you make a stand? i thought this was the stand, and if you lost, you lost. it's okay to say that. you know, are you going to make a stand or even the grover norquist pledge a moving goalpost? >> charles, explain to me how we lost. as i mentioned before, we had a massive tax hike at midnight -- >> forget about that, what about the debt ceiling? are you taking a serious stand? >> absolutely. it is a good position that republicans are in now to cut the size of government. you know, we forget the debt limit was passed for years and years and years. once speaker boehner was in power, this was the first time we used the debt ceiling to try to cut the size of government, to reign in spending, and republicans now have an excellent opportunity to do that with the debt limit coming in a couple month as well as continuing resolution when government funding expires. these are two battles where republicans have leverage against democrats because we want to cut the size of government, and democr
boehner arrived at the white house to meet with the president, see if they can get a deal ppt together. we understand, also, tim geithner, as we see on the graphic there, will be a part of the discussions, and, also, s&p saying, by the way, that the fiscal cliff will not impact the u.s. credit rating, the sovereign rating, as you can see right there. some breaking news for you out of washington. this meeting scheduled somewhere between 3 p.m. and 4 p.m. this afternoon. if it goes longer, we'll wait and see whether they come out of the meeting, at least they are meeting. that's what we can is say. power mover of the day, barnes & noble as we said spreading cheer with the stock jumping up 5%, making it the power mover as you see. barnes & noble landing financing. peerson with a 5 #% stake in the digital business. blow the one year chart up a little bit so you can see the stock moving up today. it's been a rough road, clearly for barnes & noble, nook media, part of the barnes & noble area investing in, worth about $89 # million. they are the digital business including the nook e-reader, the t
away for the tax hikes for all of us. speaker john boehner plan failed in the house. coming up next is off to d.c. for what plans they may look like. shibani: and all of these weather delays going on in spying airline stocks instead. we have an analyst with his winners and losers predictions for next year. coming up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust ur brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours energy now -- no crash later. wait to sethe next five hours. shibani: shares of aol falling today as the stock is a big winner at least for the year. let's head back to nic
into his court by mr. boehner who failed with his party, the expectation was mr. reid would have something positive to say the tape sent a clear message to washington, you got it wrong and if you continue to do this. ashley: daniel, what struck you about today's session? >> it is all the nonsense in washington pushing around as your previous guest said. you can't make a decision. what is interesting this the third crisis we've had in our government over the past three years. we push, push it, push it to the brink and come up with something. i'm not sure we'll come up with something now. there is let more flexing. congress meeting on monday is a help thulful thing. if they come up it will be minor framework of what we see next year. we'll see where it goes from there. ashley: very good point. mike, from the nymex, what about oil today. what have we seen in the action of the oil trade? >> it is more or less follow the leader after we came out with that little stock market rally there i'm looking at the board here we're pushing highs at 91.25. it is more like a vooleyball game. who's serve is
years on the first deal they almost did with speaker boehner at $1.6 trillion and work they have done. think what you're now going to see real hard work on both revenue and spending. hopefully they do it in phased in basis that doesn't hurt the economy in the short term. but i think you're going to see, may not be a grand bargain but maybe sufficient bargain to get real down payments done and 60 days or so, which will lay the groundwork for --. melissa: hang on guys. i have to stop you right there. i want everyone stay where they are. don't move. don't lose that thought. we have a lot more to talk about on the other side of this break. i want you to stick around, when the smoke clears what does it all really mean for the business and, for businesses and for the economy in 2013? put politics aside. let's talk about what it really means. our power panel gives their predictions coming up next. m.o. morney straight ahead tdd#1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-5-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 m
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